Tsingshan Holding signs investment memorandum of understanding with Zimbabwean government
2022-12-05 16:59:59 [Print]
On November 29, Tsingshan Holding signed an investment memorandum of understanding (MOU) with the Zimbabwean government
. This MOU is an upgraded version of the MOU signed by the two sides in 2018 . Tsingshan Holding plans to increase the production capacity of plain carbon steel to 5 million tons per year, coke capacity to 5 million tons per year, ferrochrome output to 500,000 tons per year, and build a production line with an annual output of 1 million tons of cement and a processing plant with an annual output of 2 million tons of lithium concentrate.